174
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Selected key consolidated financial data
Year ended December 31,
2013
2012
(a)
2011
2010
2009
Consolidated data
Revenues
(b)
22,135
22,577
28,813
28,878
27,132
EBITA
(b) (c)
2,433
3,163
5,860
5,726
5,390
Earnings attributable to Vivendi SA shareowners
1,967
179
2,681
2,198
830
Adjusted net income
(c)
1,540
1,705
2,952
2,698
2,585
Financial Net Debt
(c)
11,097
13,419
12,027
8,073
9,566
Total equity
19,030
21,291
22,070
28,173
25,988
of which Vivendi SA shareowners’ equity
17,457
18,325
19,447
24,058
22,017
Cash flow from operations, before capital expenditures, net (CFFO before capex, net)
4,077
5,189
8,034
8,569
7,799
Capital expenditures, net (capex, net)
(d)
(2,624)
(3,976)
(3,340)
(3,357)
(2,562)
Cash flow from operations (CFFO)
(c)
1,453
1,213
4,694
5,212
5,237
Financial investments
(151)
(1,731)
(636)
(1,397)
(3,050)
Financial divestments
3,483
204
4,701
1,982
97
Dividends paid with respect to previous fiscal year
1,325
1,245
1,731
1,721
(e)
1,639
Per share data
Weighted average number of shares outstanding
(f)
1,330.6
1,298.9
1,281.4
1,273.8
1,244.7
Adjusted net income per share
(f)
1.16
1.31
2.30
2.12
2.08
Number of shares outstanding at the end of the period (excluding treasury shares)
(f)
1,339.6
1,322.5
1,287.4
1,278.7
1,270.3
Equity per share, attributable to Vivendi SA shareowners
(f)
13.03
13.86
15.11
18.81
17.33
Dividends per share paid with respect to previous fiscal year
1.00
1.00
1.40
1.40
1.40
In millions of euros, number of shares in millions, data per share in euros.
(a)
As from the second quarter of 2013, in compliance with IFRS 5 -
Non-current Assets Held for Sale and Discontinued Operations
, as a result of
the plans to sell Activision Blizzard and Maroc Telecom Group
(please refer to Section 1.1), Activision Blizzard and Maroc Telecom Group have
been reported in the 2013 and 2012 Consolidated Statement of Earnings and Statement of Cash Flows as discontinued operations (please refer
to Section 1.1.3.3 of this Financial Report and to Note 7 to the Consolidated Financial Statements for the year ended December 31, 2013). On
October 11, 2013, Vivendi deconsolidated Activision Blizzard pursuant to the sale of 88% of its interest. In addition, the contribution of Maroc
Telecom Group
to each line of Vivendi’s Consolidated Statement of Financial Position as of December 31, 2013 has been grouped under the lines
“Assets of discontinued businesses” and “Liabilities associated with assets of discontinued businesses”.
Moreover, data published with respect to fiscal year 2012 has been adjusted following the application of amended IAS 19 -
Employee Benefits
,
whose application is mandatory in the European Union beginning on or after January 1, 2013, with retrospective effect from January 1, 2012
(please refer to Note 1 to the Consolidated Financial Statements for the year ended December 31, 2013).
These adjustments are presented in Appendix 1 to the Financial Report and in Note 33 to the Consolidated Financial Statements for the year
ended December 31, 2013.
Data presented with respect to fiscal years from 2009 to 2011 corresponds to historical data and has not been adjusted.
(b)
An analysis of revenues and EBITA by operating segment in 2013 and 2012 is presented in Section 4.1 of the Financial Report and in Note 3 to the
Consolidated Financial Statements for the year ended December 31, 2013.
(c)
Vivendi considers that the non-GAAP measures of EBITA, Adjusted net income, Financial Net Debt, and Cash flow from operations (CFFO) are
relevant indicators of the group’s operating and financial performance. Each of these indicators is defined in the appropriate section of the
Financial Report or in its Appendix. These indicators should be considered in addition to, and not as a substitute for, other GAAP measures of
operating and financial performance as disclosed in the Consolidated Financial Statements and the related notes, or as described in the Financial
Report. It should be noted that other companies may define and calculate these indicators differently from Vivendi thereby affecting comparability.
(d)
Relates to cash used for capital expenditures, net of proceeds from sales of property, plant and equipment, and intangible assets.
(e)
The dividend distribution with respect to fiscal year 2008 totalled €1,639 million, of which €904 million was paid in shares (with no impact on
cash) and €735 million was paid in cash.
(f)
The number of shares, adjusted net income per share, and the equity per share, attributable to Vivendi SA shareowners have been adjusted for
all periods previously published in order to reflect the dilution arising from the grant to each shareowner on May 9, 2012 of one bonus share for
each 30 shares held, in accordance with IAS 33 -
Earnings Per Share
.
